lawsuits

3 Rules for Kick-Starting a Crowdfunded Business

Crowdfunding -- in which several investors put up cash for a project or business idea posted to the Web -- has become a major source of capital for start-up entrepreneurs. But just because you can go to the Web to raise seed money fast doesn't mean you should, or that it'll be easy.

Judge Rejects Google Online Library Deal

A New York judge has called off a deal between Google and the book industry that would have created a universal library. But a new deal could still go forward with modifications.

Lawyers' Carelessness Was Key to the Mortgage Mess

As multiple lawsuits and SEC actions progress in relation to the nation's mortgage mess, it's becoming clear that the misbehaviors of the lawyers involved at all stages were not isolated incidents: The misconduct was systemic, and it's time to start holding those lawyers accountable.

Glaxo Faces First of Many Possible Avandia Trials

Did GlaxoSmithKline's blockbuster diabetes drug Avandia cause fatal heart attacks? The first federal trial of an Avandia lawsuit began this morning in Philidelphia. As many as 50,000 more lurk in the wings.

Justice Department Investigates UPS and FedEx

The U.S. Justice Department has begun an investigation into the country's two largest delivery companies, UPS and FedEx. Both have policies aimed at preventing customers from negotiating lower shipping rates through third parties.

Allstate Sues Bank of America Over Toxic Securities

Allstate is suing Bank of America and its Countrywide Financial division over Countrywide's sale of $700 million in mortgage-backed securities to the insurance giant, alleging that Countrywide knew in advance that the assets would drop in value because of a high percentage of defaults.

Toyota's Latest Recall: 94,000 Sienna Minivans

The beleaguered Japanese carmaker is sending notices to Sienna owners to warn them of brake-light switch brackets that are susceptible to damage and could lead to eventual loss of braking effectiveness. No accidents relating to the defect have been reported.

JPMorgan Faces Lawsuit Over Madoff Fraud

A court-appointed trustee is suing JPMorgan Chase for its alleged involvement in Bernard Madoff's multibillion-dollar Ponzi scheme. The investment bank was Madoff's primary bank for 20 years. JPMorgan said it didn't know about -- much less assist -- Madoff's fraud.

Wyeth Loses Appeal Over Hormone Replacement Drugs

Wyeth Pharmecuticals on Wednesday lost its appeal of a decision that awarded $58 million in damages to three women who claimed the company's hormone-replacement drugs caused their breast cancer. The news could bode badly for the Pfizer-owned company, which has thousands of such cases pending.

Toyota Wants Lawsuits Thrown Out

Toyota has asked a federal court to dismiss lawsuits seeking damages related to the recall of millions of vehicles for possible unintended acceleration. The automaker has a simple argument: No one has ever demonstrated what is wrong with Toyota's cars, if anything.

N.Y. Court: You Still Can't Sue Lawyers for Clients' Fraud

New York's highest court just gave a big gift to accountants, lawyers, and any other outside professional in a position to detect fraud at one of their corporate clients: The court ruled that shareholders still can't sue them for failing to detect the fraud.

Judge Approves $600 Million Botox Settlement

A judge has finalized Allergan's $600 million settlement over the misleading marketing of its wrinkle-smoothing Botox medication. The pharmaceutical firm plead guilty to misbranding the product.

Philly Scandal Puts Spotlight on Public Housing's Problems

Carl Greene ran the Philadelphia Housing Authority for years with little oversight, until recent revelations about a series of scandals from sexual harassment to financial mismanagement landed him in hot water. But Greene's misdeeds may be just a symptom of the problematic culture of U.S. housing authorities.

American Apparel Close to Defaulting on Loans

It was once a model for clothing retailers, with hip marketing campaigns, steady profit, a high-flying CEO and products made in the USA. But a series of financial and legal troubles leaves American Apparel's future in serious doubt.

BP Faces a $10 Billion Refinery Lawsuit

Thousands of Texas City, Tex. residents have joined a potential $10 billion class-action lawsuit against the U.K.-based oil company for failing to notify them about a leak at its Texas City refinery last spring.

HP Shares Rise On News of Kickbacks Settlement Agreement

Hewlett-Packard shares rose in after-hours trading after the company agreed to settle a lawsuit from the Justice Department, which claimed the company paid kickbacks to get recommendations for government work. The settlement will cost 2 cents per share.

Three New Lawsuits Against Madoff Family Businesses

In an attempt to recover more than $30 million from Bernie Madoff's family and the family businesses, a court appointed trustee filed three new lawsuits in the U.S. Bankruptcy Court in Manhattan on Thursday,

Legal Briefing: Ratings Agencies Try to Avoid Lawsuits

Now that credit rating agencies can be sued for issuing inflated ratings, they're refusing to allow their ratings to be used to sell bonds. Unfortunately, since some types of bonds are required to have such ratings, those parts of the bond market are shutting down.

John Edwards' Mistress Seeks Share of Aide's Bestselling Book Profits

The ongoing court battle between Rielle Hunter, the mistress of John Edwards, and Andrew Young, a top aide to the former Senator, has added a new twist: lawyers for Hunter argued that she should have some of the profits from The Politician, Young's number-one bestselling tell-all about Edwards'life on the campaign trail.

Toyota's Second Shoe Drops: Shareholders Sue

Toyota faces several pending class actions that allege it publicly dismissed the seriousness of several design flaws while knowing that the problems might have caused a dramatic sell-off of Toyota shares.

Orange County Sues Toyota Over Defects

Things just keep getting worse for Toyota Motor. Orange County, Calif. prosecutors filed the first consumer protection lawsuit against the world's top car maker, alleging Toyota knew of acceleration defects in its vehicles and chose to sell them anyway.